Supplementary Provisions, Article 4Transitional Measures Concerning Bad Debt Reserves
第四条(貸倒引当金に関する経過措置)
The provisions of Article 52 (excluding paragraph (9)) of the New Corporation Tax Act apply to corporation tax on income for each business year of a corporation beginning on or after April 1, 2001, and for the transitional business year of an acquired corporation, splitting corporation, corporation making a capital contribution in kind or corporation making a post-formation acquisition of assets (hereinafter referred to as an "acquired corporation, etc." in this Article) pertaining to a merger, company split by split-off, qualified company split by spin-off, qualified capital contribution in kind or qualified post-formation acquisition of assets (hereinafter referred to as a "merger, etc." in this Article) carried out on or after that date (the transitional business year meaning the business year containing the date of that merger, etc. (for a merger or company split by split-off, the day preceding the date of that merger or company split by split-off), excluding a business year of that acquired corporation, etc. that falls under each of those business years; the same applies hereinafter in this Article), and with regard to corporation tax on income for each business year of a corporation that began before April 1 of that year (excluding a transitional business year), the provisions then in force continue to govern.
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